Collecting debts is a legislative minefield

As if running your business isn’t complex enough – the process of chasing and collecting debts can be like wandering through a maze, and that’s even before you make contact with the debtor!

Debt collection is a heavily regulated activity in Australia. State and Federal legislation sets restraints on collection activities and are easy to fall foul of if you are not across the detail. Here is a (non-exhaustive) list of some of the legislation that affects how you can go about chasing debts:

Corporations Act 2001 (Cth)

Personal Property Securities Act 2009 (Cth)

The Australian Consumer Law, which is a schedule to the Competition & Consumer Act 2010 (Cth)

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